Quote from: Agbamoni on Today at 09:57:47 PM

Use Tier One exchange and not any exchange we just see. I know it is difficult to know which exchange will be next or have a loophole but we can rely on two exchanges for now which is Binance and Kucoin. Since there is no remedy for trader not to use CEX every time they can reduce the risk by using exchanges that have strong security.

Binance has been hacked before. Also many of the well known exchanges have been hacked before. HTX got hacked last but withdrawal continued some days after the hack. Everything can just be unpredictable but I think exchanges like Binance and Bitget that has SAFU or the rubbish they called it can still be used while exchanges like Bybit and OKX are not bad also. But it is better for traders to find all ways not to leave money on the exchanges or reduce the amount to be on the exchange. I think I like the approach that I posted above on my second post.

I do not like Kucoin for one thing which is high withdrawal fee. The lightning network fee for bitcoin on the exchange is higher than the present bitcoin onchain fee. The exchange was good for trading when I used it but their high withdrawal fee is discouraging.

Quote from: Nwada001 on Today at 10:07:57 PM

No exchange is above hacking my brother, because they don’t have any recent case of hack does not mean that they can’t be hacked, being Tier 1 doesn’t guarantee the safety of your assets, the best way is if you can still avoid leaving a penny in any of those exchanges you should do it, but if you can’t because if the type of trade you are involve in proceed with minimum amount to reduce the risk.

I completely agree with this.